Gerald L. Morgan - 24 Feb 2022 Form 4 Insider Report for Texas Roadhouse, Inc. (TXRH)

Role: CEO, President, Director
Signature: /s/ Sean Renfroe, by Power of Attorney
Issuer symbol: TXRH
Transactions as of: 24 Feb 2022
Net transactions value: -$1,241,313
Form type: 4
Filing time: 28 Feb 2022, 19:42:31 UTC
Previous filing: 11 Jan 2022
Next filing: 24 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TXRH	Common Stock	Options Exercise	$0	+1,250	+1.7%	$0.000000	76,767	24 Feb 2022	Direct	F1
transaction	TXRH	Common Stock	Tax liability	$51,492	-585	-0.76%	$88.02	76,182	24 Feb 2022	Direct
transaction	TXRH	Common Stock	Award	$0	+28,180	+37%	$0.000000	104,362	25 Feb 2022	Direct	F2
transaction	TXRH	Common Stock	Tax liability	$1,189,821	-13,188	-13%	$90.22	91,174	25 Feb 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TXRH	Restricted Stock Units	Options Exercise	$0	-1,250	-100%	$0.000000^*	0	24 Feb 2022	Common Stock	1,250		Direct	F3, F4
holding	TXRH	Restricted Stock Units						12,200	24 Feb 2022	Common Stock	12,200		Direct	F3, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units that are fully vested on the transaction date.
F2	Effective upon the issuance of the Company's audited financial statements on February 25, 2022, the Company's compensation committee certified the achievement of specified financial performance goals that determined the number of previously granted performance restricted stock units, which vested on January 8, 2022, but became reportable on February 25, 2022.
F3	Each restricted stock unit represents a conditional right to receive one share of the Company's common stock.
F4	The restricted stock units vested on February 24, 2022. Delivery of the shares to the reporting person occurred on February 24, 2022.
F5	The restricted stock units vest on January 8, 2023. Delivery of the shares to the reporting person will occur on January 9, 2023, subject to the reporting person's continued service with the Company.